Wall Street rises after services sector data

By IBT Staff Reporter On 10/05/09 AT 10:16 AM

Stocks rose on Monday after data showed the services sector expanded more than forecast in September, following 11 months of contraction.

The Institute for Supply Management's non-manufacturing index for September read 50.9 compared to 48.4 in August, which was its eleventh month below the 50 reading that separates contraction from growth.